<ul><li>Authentication-based fraud is on the rise, leading to increased efforts by banks to combat the problem.</li><li>A collaboration between PYMNTS Intelligence and Arculus found that 87% of banks have experienced an increase in credential-based fraud.</li><li>Metal payment cards with built-in biometric authentication and tap-to-verify technology are being considered as a powerful new layer of security by 77% of financial institutions.</li><li>41% of banks prefer metal cards with tap-to-authenticate technology to combat authentication fraud, compared to 25% who prefer plastic cards for the same use.</li></ul>

41% of Banks Prefer Metal Cards to Stop Authentication Fraud

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